Word: mta
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Raising Boston subway fares has always been an emotional affair. In 1948, a fare hike from ten to fifteen cents inspired one of the great folk songs of the 20th century, J. Steiner and Bess Lomax Hawes' "The MTA Song." The ballad tells the story of a man named Charlie who rides "forever 'neath the streets of Boston," without a nickel to pay the subway's new exit fare. Walter O'Brien, a Boston politician, used the tale of the famous "man who never returned" in his 1948 mayoral campaign, promising to repeal the fare hike and "get Charlie...
Today, the MTA's successor, the Massachusetts Bay Transportation Authority (MBTA), raises subway fares from 85 cents to one dollar. Even at a dollar the fare will remain one of the lowest in the nation, and the T's announcement of its first fare hike in almost a decade met only half-hearted protest from environmental and transportation advocacy groups...
...University offered $151,751,636 for all 48 acres of MTA land at a blind auction on June 29, but had to undergo financial verification before the sale could be completed in July...
...MTA board approved placing the money from the sale in a reserve fund to be invested before it is used for future construction costs...
...likelihood of getting more money for this project from the state or federal level is nonexistent," said MTA Chair Andrew S. Natsios. "There's just no more stomach...